Canada's main stock market, the Toronto Stock Exchange, closed
up 40 points on Tuesday, but looked set for its highest close in
more than 18 months with less than 30 minutes remaining when it
touched 13,644.28, before succumbing to some late selling as
investors settled their books before the end of the year.
All sectors bar Health Care (-0.2%) and Info Tech (-0.3%) were
higher - with Energy (+0.5%) and Metals & Mining (+0.8%)
leading the way on the resources heavy index.
Reuters reported this morning the TSX is on track for a gain of
more than 9% in 2013, a "far smaller gain that those notched by the
three main U.S. indices."
Mid-afternoon, Bloomberg noted the TSX was at 13,633.11, poised
for the highest close since May 2011. Bloomberg also noted trading
was 53% below the 30-day average at that time of day; that the TSX
has risen 9.6% percent this year, on track for its largest annual
gain in three years; and that the Canadian benchmark has rallied
1.8% in December, headed for its sixth straight monthly advance,
the longest streak since February 2011.
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.